Fridley appreciation rates and housing market information

Fridley housing market information

With 27,449 people, 11,504 houses or apartments, and a median cost of homes of $211,463, Fridley real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Fridley, accounting for 57.49% of the city's housing units. Other types of housing that are prevalent in Fridley include large apartment complexes or high rise apartments (27.55%), row houses and other attached homes (6.90%), duplexes, homes converted to apartments, or other small apartment buildings (4.65%), and a few mobile homes or trailers (3.41%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Fridley. Owner-occupied housing accounts for 66.63% of Fridley's homes, and 50.39% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fridley's housing was primarily built during this period, from the '40s through the '60s. A full 59.03% of the city's housing hails from this era. Other housing ages represented in Fridley include homes built between 1970-1994 (36.76%), and housing constructed from 1995 and later (2.69%). There's also some housing in Fridley built between 1939 and earlier (1.52%).

Fridley home appreciation rates

Fridley's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fridley during the period has been just 5.28%, which is lower than % of US communities.

Over the last year, Fridley appreciation rates have trailed the rest of the nation. In the last twelve months, Fridley's appreciation rate has been -7.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fridley were at 0.12%, which equates to an annual appreciation rate of 0.48%.

Relative to Minnesota, our data show that Fridley's latest annual appreciation rate is higher than 1% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fridley differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fridley - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Fridley real estate investment or home purchase decisions.